World news, briefly.
Updated daily at 7 AM Beijing time
Technology stocks fell sharply after disappointing earnings from major companies intensified concerns about whether billions of dollars being invested in artificial-intelligence infrastructure will generate adequate returns. The Nasdaq lost nearly $1tn in value in one week and about $2tn over a month, while the S&P 500 fell by more than 1%.
theguardian.com (English) ↗＋ SaveThe eurozone economy grew 0.4% in the third quarter, exceeding economists’ expectations despite higher oil prices linked to the US-Iran war. Persistent energy-driven inflation could prompt the European Central Bank to raise interest rates in December.
apnews.com (English) ↗＋ SaveThe UN human rights office warned that Israeli forces were displacing Palestinians into an increasingly small area of Gaza and expanding beyond the so-called Yellow Line. It reported destruction of civilian infrastructure and attacks on displacement sites, and said the line appeared to be treated as a “kill zone.”
aljazeera.com (English) ↗＋ SaveSouth Korea’s Joint Chiefs of Staff said North Korea fired about 10 short-range ballistic missiles into the Sea of Japan. The launches came as tensions intensified over a landmine explosion that injured three South Korean soldiers.
aljazeera.com (English) ↗＋ SaveBinance said it would cover customer losses after the cryptocurrency exchange suffered a hack involving about $6.3bn in digital assets. Experts identified North Korea as the likely culprit, while the company said it had frozen about $3bn of the affected funds.
theguardian.com (English) ↗＋ SaveA federal appeals court rejected the Justice Department’s request to prevent California from counting disputed ballots in the midterm election. The ruling was described as the latest setback for the Trump administration’s efforts to expand federal control over state-run elections.
apnews.com (English) ↗＋ SaveThe Milwaukee Brewers defeated the Tampa Bay Rays 4-1 in Game 5 to win their first World Series championship. Milwaukee finished the postseason 11-2 after leading the majors with 103 regular-season wins.
apnews.com (English) ↗＋ SaveChina expelled a record 33 officials from the Communist Party at its fifth plenum. Only 279 of the 376 Central Committee members originally named in 2022 attended, figures the report said underscored the scale of intensified political and military purges under Xi Jinping.
theguardian.com (English) ↗＋ SaveBeijing’s annual independent queer film festival was cancelled after what was understood to be a campaign of sustained harassment by authorities. Experts said intolerance toward forums discussing feminist and LGBTQ+ views was growing in China.
theguardian.com (English) ↗＋ Save